JPMorgan Involved In Another Ponzi Scheme Allegation

JPMorgan Chase & Co. (NYSE:JPM) is involved in fresh acquisitions it was aware of a ponzi scheme and didn’t take action to stop it, according to a lawsuit filed Thursday. The complaint, filed in Missouri federal court on behalf of those victimized in the scheme, says that from 2004 to 2009 William Wise advertised certificates of deposit online.  When savers would purchase the certificates, he deposited the money into a Washington Mutual (WaMu) account and then transfer large amounts of cash internationally, a money laundering red flag. The issue was first revealed in a Fortune Magazine article. Allegations bank was…